Cascadia Minerals Ltd V.CAM

I don't like these updated terms

[Heywood_Silvers]

We went from 48 shares of ATAC for one share of Hecla based on announcement date to now 60 shares of ATAC for one share of Hecla?

We just took a 25% haircut!!  WTF?!

Sorry, I don't think I can vote yes to these terms.  Gotta treat us transparently and farily if you want us to play ball.

[barringtondolby]

Knowing we have just lost out substantially on the original deal, laid out in February, why has ATAC's SP price risen, it is a mystery to me, it must be that people have a lot of confidence in the new company Cascadia.doing well. It will however, be managed by the same group who has taken ATAC's SP to its lowest level ever,. i.e. 6 cents. I must be missing something here.

[OCB1234]

Too bad they didn't go with VGCX, much more upside. 

[Pandora]

Hi Heywood, I'm definitely not as quick as you on the mathematics of all this so I have to ask. When you say we were offered 1 Hecla share for 48 ATC shares on the original offer what is that based on? There was no factor given on the original offer. Todays news gives a factor of 0.0166 which equates to your 1 for 60 using my current holdings as an example. What numbers did you use for 1

[Heywood_Silvers]

The original press release in February said we would receive 14 cents CAD payable in HL shares.  If you take the share price of Hecla in CAD on the announcement date and divide 14 cents into it you will arrive at about the equivalant of 48 shares of ATAC to convert into one share of HL. Why do I have the feeling that if the HL share price since the announcement would've decreased the

[Pandora]

Ok, thanks for the review Heywood. I also have to remember HL is in U.S. dollars -- I keep forgettng that. :-))